Grenada’s Citizenship by Investment (CBI) Program showed notable trends by the end of 2025. According to comprehensive records released by Investment Migration Agency Grenada (IMA), the number of applications remained steady between 2020 and 2025.
Additional data reveals that China, Nigeria, and the United States were the primary Grenada CBI applicant demographics. In line with the Caribbean Memorandum of Understanding (MoA), the IMA’s enhanced due diligence is reflected in a rise in application rejections in 202, increasing to 13.89 percent compared to 5.55 percent in 2024.
This guide provides insights into Grenada CBI stats for 2025, highlighting application trends, approval rates, revenue performance, and what developments mean for investors.
Grenada CBI Statistics: Quick Summary
Grenada CBI: A Five-Year Analysis of Key Metrics
| Year | Applications Per Year |
|---|---|
| 2020 | 394 |
| 2021 | 566 |
| 2022 | 1,251 |
| 2023 | 2,297 |
| 2024 | 420 |
| 2025 | 341 |
Despite 2025 seeing a 19 percent decline in applications received compared to the same period in 2024, the steady influx of applications has continued to yield substantial revenues, with the program generating EC $298 million (USD $110 million) in 2025.
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Real estate vs contribution
| Year | Real Estate (Percent) | National Transformation Fund (Percent) |
|---|---|---|
| 2020 | 58 | 42 |
| 2021 | 59 | 41 |
| 2022 | 73 | 27 |
| 2023 | 66 | 34 |
| 2024 | 57 | 43 |
| 2025 | 70 | 30 |
Real estate emerged as the preferred investment option in the Grenada CBI statistics for 2020. With the MoA’s standardized minimum investment threshold, the narrower cost gap between the real estate and National Transformation Fund option is expected to make real estate even more attractive.
Investment per year
Investment by option and total revenue in EC$ millions.
| Year | Real Estate | NTF | Fees | Total |
|---|---|---|---|---|
| 2020 | 151 | 84 | 17 | 253 |
| 2021 | 161 | 88 | 32 | 282 |
| 2022 | 224 | 65 | 70 | 359 |
| 2023 | 672 | 274 | 183 | 1,129 |
| 2024 | 562 | 348 | 206 | 1,116 |
| 2025 | 156 | 74 | 68 | 298 |
With EC $1.16 billion (USD $430 million) in revenue, which included around EC $600 million (USD $222 million) from backlog applications, the Grenada CBI program growth statistics showed record revenue by the end of Q4 2024, even without receiving new applications.
Application approval and rejection statistics
| Year | Received | Approved | Rejected | New Citizens | Rejection Rate (Percent) |
|---|---|---|---|---|---|
| 2020 | 394 | 375 | 35 | 1,111 | 8.54 |
| 2021 | 566 | 402 | 24 | 1,272 | 5.63 |
| 2022 | 1,251 | 453 | 8 | 1,486 | 1.74 |
| 2023 | 2,297 | 1,503 | 58 | 4,794 | 3.72 |
| 2024 | 420 | 1,583 | 58 | 5,443 | 5.55 |
| 2025 | 341 | 341 | 55 | 1,025 | 13.89 |
The higher approval number compared to applications received in 2024 reflects the IMA’s commitment to and improved efficiency in addressing backlogged applications. While Grenada CBI application statistics show a notably high rejection rate in 2020 and 2021, with a sharp decline in 2022, it has steadily increased, demonstrating a trend towards stricter vetting processes and enhanced scrutiny before granting Grenada passports.
When comparing Grenada vs St Lucia citizenship, it’s essential to evaluate factors like investment requirements and visa-free access. Both programs offer unique benefits, but Grenada’s inclusion in the E-2 visa treaty with the US may give it an edge for some investors.
Investment Trends and Revenue Generation
Investment trends in Grenada Citizenship by Investment have continued to evolve in 2024. Share purchases in approved Grenada real estate projects is the most popular investment option. Real estate investments, particularly in luxury resorts like Coral Cove Hotel and residential developments like the Point at Petite Calivigny, remain highly sought after, accounting for EC $254 million (USD $94 million) of the EC $502 million (USD $186 million) total investment volume in 2024.
Revenue generation from the CBI program has seen a notable increase, with 2024 revenues projected to exceed those of previous years when accounting for the processing of backlogged applications.
Processing Times and Efficiency
Processing times for Grenada’s CBI applications are improving. The quick processing times are due to efficiency and enhanced Grenada immigration measures established by the Investment Migration Agency (IMA) Grenada, which replaced the Grenada Citizenship by Investment Unit in March 2024 as the body responsible for the program and processing CBI applications.
Grenada’s processing times are among the fastest compared to regional peers like St Kitts and St Lucia, with an average processing time of six months compared to 10 to 12 months in St Lucia and six to nine months in Dominica. Efficiency metrics show a significant rise in efficiency in 2024 and 2025.
Promising Benefits for Current and Future CBI Applicants
Increased stability and credibility: The Grenada CBI statistics showed that steady revenue and application numbers indicate the program’s enhanced stability and credibility, alongside increased rejections. This spurs economic growth and strengthens diplomatic relations.
More investment opportunities: The higher investment threshold and influx of foreign capital push market appeal and create new and more lucrative business and real estate investment opportunities in Grenada.
Processing efficiency: The revenue boost means the country can invest in improving CBI resources and technology to shorten application processing times and streamline key procedures.
Stronger economy: Grenada’s economy benefits from steady CBI revenue, leading to economic and social improvements, including better infrastructure and public services. This positively impacts both applicants and residents and supports tourism growth.
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